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Business & Finance

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Court’s ruling on UK’s $1.15 bln funding for Mozambique LNG project stands
Business & Finance

Court’s ruling on UK’s $1.15 bln funding for Mozambique LNG project stands

UK’s Supreme Court has rejected the application from the environmental campaign group Friends of the Earth to appeal its case against a government decision to help fund the Mozambique LNG development project led by French energy major TotalEnergies. The ruling comes after the Court of Appeal dismiss

about 3 years ago
AD Ports group Premier Marine
Business & Finance

AD Ports, Premier Marine form drydocking JV

UAE-based port operator AD Ports Group and Premier Marine Engineering Services LLC (Premier Marine), a compatriot shipyard company specialising in shipbuilding and repair services to the marine and offshore industries, have formed a new joint venture, SAFEEN Drydocks. The joint venture is structured

about 3 years ago
FPSO Skarv; Source: Aker BP
Business & Finance

Norway goes on oil & gas spree and gives its blessing to projects worth over $18.5 billion

Norway has greenlighted 19 oil and gas projects on the Norwegian continental shelf (NCS) with investments totalling more than NOK 200 billion (over $18.5 billion).

about 3 years ago
Deepsea Mira rig; Source: Odfjell Drilling
Business & Finance

Semi-sub rig starts drilling gig with TotalEnergies in Namibia

Northern Ocean has confirmed that one of its semi-submersible rigs, which TotalEnergies employed for multi-country operations, has arrived in Namibia and kicked off its drilling assignment.

about 3 years ago
Maersk Discoverer rig (now Noble Discoverer); Source: Maersk Drilling
Business & Finance

Second oil discovery in block off Guyana brought to light

Canada’s CGX Energy and Frontera Energy have made a second discovery in the Corentyne block offshore Guyana.

about 3 years ago
Scarabeo 9 rig; Source: Saipem
Business & Finance

Saipem rigs find more work in Middle East and Mediterranean Sea

Saipem has secured offshore drilling assignments in the Middle East and the Mediterranean Sea for two rigs.

about 3 years ago
Illustration; W&T Offshore
Business & Finance

US oil & gas firm names new CFO

W&T Offshore has appointed a new Chief Financial Officer (CFO), who has 25 years of financial and operational experience.

about 3 years ago
Preferred tie-in point of Anning and Somerville fields to Shell’s infrastructure (Corvette and Leman-A platforms); Source: Hartshead
Business & Finance

Deal for two North Sea platforms pits four ‘major’ fabricators against each other

Hartshead Resources has issued an invitation to tender (ITT) for two platforms destined for Phase I of a gas project in the UK North Sea.

about 3 years ago
llustration/Morlais Demonstration Zone (Courtesy of Marine Energy Wales/Archive)
Business & Finance

Welsh marine energy sector breaks record with €120M investment over last year

The Marine Energy Wales annual State of the Sector Report has highlighted the progress and achievements of Wales in the marine renewable energy sector, unveiling €120.4 million investment in the sector over last year – nearly quadrupling the previous year’s figures.

about 3 years ago
High offshore wind demand lifts Fugro
Business & Finance

Fugro expanding its offshore wind expertise centre in Virginia

Fugro will expand its regional centre of expertise for offshore wind, located in Norfolk, Virginia, as the company’s Virginia operations have grown over the past decade with the increase in the number of offshore wind projects on the U.S. East Coast. The expansion, which was announced by Virginia Go

about 3 years ago
Scarabeo 8 rig; Source: Vår Energi
Business & Finance

Aker BP cleared to dispatch Saipem rig for drilling ops in North Sea

Aker BP has received consent from Norway’s regulator to use one of Saipem’s rigs for operations on a field in the North Sea off Norway.

about 3 years ago
Helix Q4000; Source: Boa Offshore
Business & Finance

Drydocking ops for Helix vessel wrap up in Gulf of Mexico

Boa Offshore has completed the drydocking of one of Helix Energy Solutions’ well intervention semi-submersible vessels in the Gulf of Mexico.

about 3 years ago
AD Ports
Business & Finance

AD Ports Group inks concession deals with KTP, Congo

UAE-based port operator AD Ports Group has signed a concession agreement with Karachi Port Trust (KPT), the Pakistani federal government agency that oversees the operations of the Port of Karachi. Under the terms of the 50-year concession agreement, a Joint Venture between AD Ports Group, as a major

about 3 years ago
Noble Integrator jack-up rig; Source: Noble Corporation
Business & Finance

Thumbs-up for Aker BP to dispatch Noble rig for North Sea ops

Aker BP has received consent from Norway’s regulator to use one of Noble’s rigs for operations on a field in the North Sea off Norway.

about 3 years ago
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